TRM Labs announces USD 14 mln Series A investment

Monday 21 June 2021 15:02 CET | News

US-based TRM Labs, a player in blockchain intelligence, has announced that it has closed a USD 14 million Series A funding round

Bessemer led the Series A with additional participation from PayPal Ventures, Initialized Capital, Jump Capital, Salesforce Ventures, Operator Partners, Blockchain Capital, and executives from Google. Other existing investors include Y Combinator, Alumni Ventures Group, The MBA Fund, Tapas Capital, SGH Capital.

TRM’s platform integrates with more than a dozen blockchains, and analyses billions of virtual asset transactions to detect signs of fraud and financial crime like money laundering. TRM drove 600% revenue growth in the 2020 and has doubled headcount, as the press release states. 

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Keywords: blockchain, cybersecurity, fraud detection, AML
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3